Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy and Carbon Management
• Water Management
• Ecological Impacts
• Climate Change Vulnerability
• Waste and Recycling
• Health, Safety, and Welfare
• Corporate Governance and Ethics
• Employee Engagement, Diversity & Inclusion
• Community Relations

Environmental Achievements

• Energy efficiency improvements across real estate investments
• On-site renewable energy generation at multiple properties (e.g., Waverley Gardens, Clifford Gardens, Garema Court, 19 Harris Street, Clare Country Club)
• Power purchase agreements for renewable electricity
• WorkZone West building in Perth achieved 6 Star NABERS (base build) and carbon neutral status
• Initiatives to reduce single-use plastics and introduce water refill stations in hotels
• Partnership with Solar Bay for renewable energy in retail centers
• Koala Genome Programme in partnership with The Australian Museum
• Mogo Wildlife Park Veterinary Hospital opened for wildlife rehabilitation

Social Achievements

• Support for 112 senior secondary school students through The Smith Family's Learning for Life program
• Various community initiatives including fundraising, mentoring, and work inspiration sessions
• Community Wall installation in collaboration with Fairfield City Council
• $25,000 donation to flood victims through GIVIT, matched by staff donations totaling over $40,000
• Partnership with TAFE NSW for student training and work experience at Wildlife Parks
• Support for FSHD Global Research Foundation

Governance Achievements

• Establishment of an ESG Committee reporting to the Board
• ESG strategy refined with assistance from PwC
• Implementation of a Personal Growth Review (PGR) program for employees
• Focus on mental health initiatives through partnership with Kinex Health
• Adoption of a diversity policy
• Governance framework aligned with ASX Corporate Governance Council principles

Climate Goals & Targets

Environmental Challenges

• Understanding and minimizing the impact of business operations on the environment
• Reducing carbon footprint
• Managing and reducing water consumption
• Implementing effective waste management and recycling strategies

Mitigation Strategies

• Portfolio-wide energy data capture, carbon emission measurement, and ESG resourcing are current priorities
• Developing a roadmap to a Carbon Neutral Portfolio for Elanor Commercial Property Fund
• Completing a gap analysis and developing a water plan for the commercial portfolio, including setting NABERS Water targets
• Implementing initiatives to reduce single-use plastics and introduce water refill stations in hotels
• Understanding waste types and volumes across assets to implement reduction and management policies

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Social Achievements

• Implement physical, emotional, mental health and education programs across the Group
• Contribute positively to communities through partnerships and engagement initiatives

Governance Achievements

• Establish good governance, clear roles and responsibilities for integrating ESG considerations into investment processes
• Annual reporting on ESG progress and initiatives

Climate Goals & Targets

Environmental Challenges

• Climate change vulnerability across all new assets
• Risks within our supply chain including vulnerabilities, environmental malpractice, or the existence of modern slavery

Mitigation Strategies

• Assess climate change vulnerability across all new assets, by assessing transitional and physical risks and opportunities relating to climate change
• Identify and assess risks within our supply chain

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Bushfire
• Sever storm

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• NABERS Energy rating increased from 3.5 to 5.5 star
• Estimated 67.6 tonnes of avoided CO² emissions per annum – 40% reduction
• Estimated 76 MWh energy reduction per annum
• Two properties achieved Climate Active carbon neutral certifications (19 Harris St and WorkZone West)
• 5.2 NABERS Sustainable Portfolios Index 2024 Energy rating
• 4.3 NABERS Sustainable Portfolios Index 2024 Water Rating
• Desktop Climate Exposure Assessments carried out for all assets

Social Achievements

• Implemented a WHS system (HSIDonesafe) and established an Employee Assistance Program (Telus Health)
• Facilitated an inaugural FSHD Global Research Foundation Partnerships Day and provided sponsorship for the annual FSHD Sydney Chocolate Ball
• Hosted a two-day work inspiration program for disadvantaged high school students with The Smith Family

Governance Achievements

• Type I Audit completed for GS007 across the Elanor office portfolio
• Refreshed Elanor’s Modern Slavery Statement and commenced a tier 1 supplier review

Climate Goals & Targets

Environmental Challenges

• Softening capitalisation rates driven by the prevailing interest rate environment and broader market conditions
• Decrease in portfolio valuation due to rising capitalisation and discount rates
• Increased gearing ratio to 40.1%
• Uncertainty about EFML’s ability to act as Responsible Entity due to Elanor Investors Group's financial instability

Mitigation Strategies

• Hedging of interest rates
• Active management of the Fund’s portfolio
• Broadening of the Fund's tenant mix
• Active management of the Fund's cash position and capital structure
• Strategic partnership with Lederer Group, including $50 million equity capital commitment
• Exploration of a rights issue to fund Harris Street Fund commitment and capital expenditure

Climate-Related Risks & Opportunities

Physical Risks

• Weather-related events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Decarbonisation opportunities

Reporting Standards

Frameworks Used: NABERS

Certifications: Climate Active